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Superb Guest House In Cockermouth Historic Market Town For Sale

Cockermouth, Cumbria
Asking Price:
£520,000
Turnover:
£85,000
Net Profit:
Available on request

A great business opportunity to acquire a boutique guest house set in the heart of Cockermouth. The property is positioned on a quiet street just a stroll away from the centre of the market town. The town offers independent shops, fabulous restaurants, Jennings brewery and the historic Wordsworth house. An ideal position to explore the natural beauty of the western lakes.

In the last two years the guest house has gone through a major refurbishment programme, starting with the outside of the building then focusing on making each of the rooms individual in a boutique style.

Elegant new furniture, soft furnishing and gorgeous wall coverings help to make a sumptuous environment to sleep in. All four of the deluxe rooms have been fitted with unique bathrooms that are minimalistic, stylish and functional and each have been tailored to suit the individual rooms.

 Turnover circa £85,000 per annum, excellent reputation, genuine growth potential
 Trading period 11 months, potential for all year round business as it has returning business guests
that work in the area, plus corporate rates for a large local reputable company.
 Purposely trading sub-VAT threshold for a life work balance
 Well-presented throughout, 7 individual en suite letting rooms,14 cover breakfast room
 A light, airy spacious 1 bed self-contained owner’s accommodation

This boutique guest house has achieved a 5 star rating on Tripadvisor for many years and a 9.6 guest feedback from Booking.com, although we do not advertise all our rooms on Booking.com due to us trying to keep a work life balance.

If interested, please contact the seller through the form on this page.

Property Information

Property:

Freehold

Living Accommodation:

The owners accommodation can be accessed via a private staircase and is situated on the upper floor, the accommodation is currently set up to offer a double bedroom with ensuite a lounge/office area with an open plan kitchen area.

Location:

This Guest House is situated at the bottom of a quiet side street, directly off the Main Street that is 5 minutes stroll away from the town centre. As we are situated in the town centre we are extremely lucky to have parking spaces available at the back of the property.

Premises Details:

This has been a guest house for over 20 years it is two Georgian three story houses combined into one. The main entrance leads to a large deluxe ground floor bedroom on the left and on the right the breakfast dinning room. The first floor has 3 x deluxe rooms and 1 x standard double room, the 2nd floor another two standard double rooms. The owners accommodation can be accessed via a private staircase from outside the building or from the inside through dinning room.

Business Operation

Expansion Potential:

Massive opportunity for an enthusiastic couple or someone wishing to take on staff to run the guest house to its full potential as it is only running at 40 - 55% occupancy rate at present. It has been run previously at 80 - 90% occupancy rate from April - October

Competition / Market:

There are a few Hotels & Guest Houses in Cockermouth, however they are all offering very different experiences, so no direct threat.

Reasons for selling:

Semi-retirement, wishing to move closer to our son & daughter

Trading hours:

24/7 Sunday - Saturday
Trading hours for check in's & check outs. 16.00 - 10.30

The business is all year round and very diverse. Easter and New Year is always busy. Peak season, May to October sees a massive increase in footfall from tourism. The weekends are always fully booked for people attending special events such as weddings. During low season the guest house business is generated through good contacts with a local business that is situated in UK and abroad so brings guests from all over the world. Throughout the year Cockermouth town puts on some very special events such as Music, Food Festivals and Christmas market. The Woolfest is an annual event bringing traders and tourist to the town and normally the guest house is booked up a year in advance.

We encourage cyclists and walkers as we have a boot room and are able to provide secure storage for bikes. Some of the more unusual things that brings guests to us, is that 2 mins walk away we have an auction house, 5 mins walk away we have a Coroners court and just on the out skirts of Cockermouth town there is a dialysis unit, these guests often come for 5 or 7 days, taking a holiday whist still being able to have dialysis.

We have strong links with the Tourist Centre that is situated on the Main Street, who often recommend us to foreign visitors who are passing through, and then there are of course our loyal returning guests visiting friends or family or those wishing a luxury evening away attending some of the fabulous restaurants in town including a fine dining vegetarian restaurant.

Employees:
None
Years established:
23 years

Other Information

Support & training:

Training can be provided on the daily running of the business

Home based:
This business can be run from home.

Contact Information

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